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Words: | Submitted: Mon Jun 19 2006
... work place to another. Structural unemployment occurs when the supply of labour exceeds demand, this is often caused by a change in pattern to demand and production procedures leaving workers unemployed in labour markets where demand has shrunk. Seasonal unemployment is fairly self-explanatory. Father Christmas tends to only be in demand for a short period of the year, and the rest of the year would certainly be classified as seasonally unemployed. To further segregate Unemployment it can be thought of in terms of involuntary and voluntary. Excluding cyclical unemployment all other forms can be considered as voluntary unemployment. The reasoning behind this is that although the job they want may not be available there are still other jobs available, which could be taken. People who are frictionally unemployed have the option to spend less time searching for their ideal job in order to take another job which they maybe less suited ...
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